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Economic Iliad & Odyssey
Economic Iliad & Odyssey The term “iliad” in Greek mean a series of miseries or disastrous events and “Odyssey” meant a long wandering or voyage usually marked by many changes of fortune. Welcome to the Economic Iliad & Odyssey. What we are facing is truly extraordinary. There is absolutely NO economic theory from Adam Smith to Keynes […]
Globalists Detail Short and Long Term Guidance for Further Centralisation of Powers
Globalists Detail Short and Long Term Guidance for Further Centralisation of Powers During this month’s Spring Meetings in Washington DC, the IMF and World Bank held their annual Development Committee conference which looked at the economic outlook and potential risks for the global economy. As is tradition, IMF head Christine Lagarde produced a written statement outlining several […]
Saudi Oil Minister: We Won’t Ramp Up Oil Production Soon
Saudi Oil Minister: We Won’t Ramp Up Oil Production Soon Saudi Arabia plans to stay within the limits of its ceiling under the OPEC+ production cut deal in May and will certainly not rush to ramp up production, although it would respond to customer needs if they want more oil, Saudi Energy Minister Khalid al-Falih said on […]
Living With Integrity
Living With Integrity It’s time to choose a new direction. Every so often, our work in the premium side of PeakProsperity.com is deemed so important that our paying subscribers request we share it with the general public. Last week’s ‘Off The Cuff’ podcast received so many of these requests that we are releasing it to […]
Wealth Bubble Leaves U.S. Economy in Uncharted Territory
Wealth Bubble Leaves U.S. Economy in Uncharted Territory There have been numerous signs that the U.S. is likely to go through another major recession at some point. And regardless of when or if a recession happens, it won’t change the fact that the U.S. economy is already in hot water. At MarketWatch, the “hot water” is explained in […]
Central Banking Is Central Planning
Central Banking Is Central Planning At a time when the appeal of and demands for a new “democratic” socialism seem to have caught the imagination of many among the young and are reflected in the promises of a good number of political candidates running for high office, there is one already-existing socialist institution in America […]
If “Getting Ahead” Depends on Asset Bubbles, It’s Not “Getting Ahead,” It’s Gambling
If “Getting Ahead” Depends on Asset Bubbles, It’s Not “Getting Ahead,” It’s Gambling Given that the economy is now totally and completely dependent on inflating asset bubbles, it makes no sense to invest for the long-term. Beneath the endlessly hyped expansion in gross domestic product (GDP) of the past two decades, the economy has changed […]
Loonie Tumbles As Bank Of Canada Capitulates
Loonie Tumbles As Bank Of Canada Capitulates Add The Bank of Canada to the list of flip-flopping central banks as it has now fully abandoned its bias toward raising interest rates as the economy grapples with a slowdown, bringing its policy into line with the Fed. “Governing Council judges that an accommodative policy interest rate continues […]
Mark Carney Says Climate Change Will Bring Economic Disaster. Will the Powerful Listen?
Mark Carney Says Climate Change Will Bring Economic Disaster. Will the Powerful Listen? Global bank heads say urgent action needed to prevent a ‘Minsky moment’ collapse in asset prices. They may find themselves feeling just a little shaky, however, after a recent open letter written by Canadian Mark Carney, governor of the Bank of England, with Banque […]
Seeds Sown for Major Transatlantic Trade War Starting in May
Seeds Sown for Major Transatlantic Trade War Starting in May Trump wants a trade treaty with the EU to include agriculture. France says no. It only takes one. Trump has made a considerable number of trade threats only to eventually back down. Will it play out that way again? For a number of reasons, I […]
Decades of laissez-faire in Europe or the destruction of the middle class
Decades of laissez-faire in Europe or the destruction of the middle class The EU elites pay homage to the laissez-faire of liberalism. They have been deregulating and “liberating” the market for 30 years. The Western governments also follow the philosophy and hardly intervene in the market. There is only one authority that can intervene effectively […]
Five dollars is not enough for five a day
Five dollars is not enough for five a day In discussions about food, environment and health, a resource perspective is often lacking. For more than half of the global population what ends up on their plate is mostly a function of their economic and energetic circumstances. If one want to change what people eat it […]
The Fed is Going to Cut Rates to Negative 3% If Not 5%
The Fed is Going to Cut Rates to Negative 3% If Not 5% As I warned last week, while most of the investment world has been glued to their trading screens watching the stock market rally.. something nefarious has been unfolding behind the scenes. That “something” is the Fed and other regulators implementing plans that […]
